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If you won the PB or MM

Topic closed. 58 replies. Last post 4 years ago by gogidolim.

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What would you do with your money if you won the PB or MM

Buy huge home [ 8 ]  [21.05%]
Buy a expensive car [ 6 ]  [15.79%]
Help a orphanage [ 1 ]  [2.63%]
Help the homeless [ 6 ]  [15.79%]
Help family [ 8 ]  [21.05%]
Keep it all [ 5 ]  [13.16%]
Take the money and move to a tropical island [ 4 ]  [10.53%]
Total Valid Votes [ 38 ]  
Discarded Votes [ 7 ]  
haymaker's avatar - Lottery-012.jpg
Egg Harbor twp.south Jersey shore
United States
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June 29, 2011
3856 Posts
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Posted: August 9, 2012, 10:21 pm - IP Logged

Thank you THRIFTY. I have been considering this trip since the age of 10, as I have always been an avid Astronomer.

The Alpha Centauri star system is the closest star system to Earth (only 4.3 light years, just a walk in the park astrologically).

 

BTW did you mean a very God thing, or a very good thing.  What? 

One of my earlier spacecraft prototypes as a young lad. (That's my girlfriend Gail  Love ). Oh and lets not forget my dog Shakespeare!  Lovies

 

MC56,

I think you used this pic. in the news thread for 212M JP, no ?

Its the corner of pittsburgh & grand in mars PA.

 

also i think those 10 years old cars in the background are younger than you.

Extraordinary Popular Delusions & the Madness of Crowds    -- Charles Mackay  LL.D.

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    Bronx, NY
    United States
    Member #124198
    March 8, 2012
    105 Posts
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    Posted: August 9, 2012, 11:47 pm - IP Logged

    Huge house, expensive car (or two).  I'd help family and a few friends and give some to charity.


      United States
      Member #111442
      May 25, 2011
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      Posted: August 10, 2012, 5:43 am - IP Logged

      MC56,

      I think you used this pic. in the news thread for 212M JP, no ?

      Its the corner of pittsburgh & grand in mars PA.

       

      also i think those 10 years old cars in the background are younger than you.

      Absolutely correct haymaker! For being among one of the first to notice this multi-usage of my images, I hereby award you the honorary degree of

      "Astute Observer Of Lottery Forum Threads", and all associated honors, bragging rights and special privileges that come with this highly sought

      after title. Congratulations, and best of luck and continued success in this specialized field. Your degree will be mailed to you shortly.  Mail For You


        United States
        Member #111442
        May 25, 2011
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        Posted: August 10, 2012, 5:49 am - IP Logged

        Are you being serious ....

        Serious a s a heart attack.....

         


          United States
          Member #116268
          September 7, 2011
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          Posted: August 10, 2012, 1:11 pm - IP Logged

          Are you being serious ....

          Thrifty is the representative and spokes person for the entire left wing establishment.

          You would do well to take heed of his every word if you want to walk in lock step with the powers that be in charge of the once free world.


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            September 7, 2011
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            Posted: August 10, 2012, 1:12 pm - IP Logged
              The Hitman's avatar - Lottery-061.jpg
              Fayetteville Georgia
              United States
              Member #71666
              March 1, 2009
              4885 Posts
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              Posted: August 12, 2012, 12:15 am - IP Logged

              Start a non-profit organizaton for under privileged Children.

              I pay my bills with lottery money - I get it get it!

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                Republic of Texas
                United States
                Member #57557
                January 9, 2008
                1095 Posts
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                Posted: August 12, 2012, 5:34 pm - IP Logged

                "nonoperating"?  Skeptical

                Color me confused....

                 

                I couldn't check any or all of the above... but 10% off the top for a charity trust, either a remainder trust or a lead trust, whichever my advisors recommend. I'd like to support animal rescues and give money to childrens hospitals. With this kind of money, I'd prolly give cash direct to immediate family (and yep pay some gift tax), then set the balance up to minimize future estate & gift taxes. Whatever it is that people like Romney do with their millions. Actually, I'd like to have Romney's advisor. I've got the name of one of them somewhere....

                Once that is all set, then yep, I'd buy a house, a couple of vacation homes, some cars, and a flying horse or two.  I heard the owners of one of the gold medal jumpers from Germany is in bankruptcy and the horse was confiscated after the olympics. They have some of the nicest show jumpers in the world. I wonder if I could pick them up cheap....

                Hippy

                 

                We can always dream, can't we? White Bounce

                face

                singlewinnersinglewinnersinglewinner   

                  weshar75's avatar - Lottery-042.jpg
                  Mcminnville, Oregon
                  United States
                  Member #3013
                  December 13, 2003
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                  Posted: August 12, 2012, 6:21 pm - IP Logged

                  When I win the powerball on wednesday night.  I am going to be a limosine riding, leer jet flying son of a gun.  Alcohol and booty calls is all that is left for me.  Party like its 1999 every day.  Whooo hooo!!!  YES!!!!!!!!!!!!!  Awesome!!!!!!!!!!!  Blaze a trail!!!!!!!!!!!!  I can't wait!!!!!!!!!!!-weshar75

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                    Member #116268
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                    Posted: August 12, 2012, 6:42 pm - IP Logged

                    "nonoperating"?  Skeptical

                    Color me confused....

                     

                    I couldn't check any or all of the above... but 10% off the top for a charity trust, either a remainder trust or a lead trust, whichever my advisors recommend. I'd like to support animal rescues and give money to childrens hospitals. With this kind of money, I'd prolly give cash direct to immediate family (and yep pay some gift tax), then set the balance up to minimize future estate & gift taxes. Whatever it is that people like Romney do with their millions. Actually, I'd like to have Romney's advisor. I've got the name of one of them somewhere....

                    Once that is all set, then yep, I'd buy a house, a couple of vacation homes, some cars, and a flying horse or two.  I heard the owners of one of the gold medal jumpers from Germany is in bankruptcy and the horse was confiscated after the olympics. They have some of the nicest show jumpers in the world. I wonder if I could pick them up cheap....

                    Hippy

                     

                    We can always dream, can't we? White Bounce

                    I posted the link so you could check it. There is no reason to pay any tax on money you give to legal charitable organizations, income tax or otherwise.

                    Even if you are giving to a family, there are lots of organizations who operate for the purpose of doing that, just use them to do it instead of paying the tax. Perhaps you could help two families instead of one??


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                      Posted: August 12, 2012, 6:47 pm - IP Logged

                      I posted the link so you could check it. There is no reason to pay any tax on money you give to legal charitable organizations, income tax or otherwise.

                      Even if you are giving to a family, there are lots of organizations who operate for the purpose of doing that, just use them to do it instead of paying the tax. Perhaps you could help two families instead of one??

                      Not only are you a 5+1 winner, but your helping out our needy families. You need to receive 6 more blue bars, and be voted the most successful

                      and charitable member EVER!!!   Blue Angel

                       


                      Thanks Ronnie, we are all in debt to you bro.  Cheers


                        United States
                        Member #116268
                        September 7, 2011
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                        Posted: August 12, 2012, 6:56 pm - IP Logged

                        Not only are you a 5+1 winner, but your helping out our needy families. You need to receive 6 more blue bars, and be voted the most successful

                        and charitable member EVER!!!   Blue Angel

                         


                        Thanks Ronnie, we are all in debt to you bro.  Cheers

                        Thank you sir, the size going to the foundation will be a large portion of the total.

                        $5-10 mil. will be more than enough for myself to buy toys and have a lifetime of income. 

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                          Republic of Texas
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                          January 9, 2008
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                          Posted: August 12, 2012, 7:28 pm - IP Logged

                          I posted the link so you could check it. There is no reason to pay any tax on money you give to legal charitable organizations, income tax or otherwise.

                          Even if you are giving to a family, there are lots of organizations who operate for the purpose of doing that, just use them to do it instead of paying the tax. Perhaps you could help two families instead of one??

                          Um, when I said 'give to immediate family' that meant more like parents, siblings, children. Not some charitible gift to some random family in need. There's probably ways around gift tax when giving to family members, but I'd leave that to the experts. 

                          Any charity that I would do would not be to benefit individuals or individual families, but organizations that help children and rescue animals. I would never give to families directly. That opens you up to pandering. Call me selfish if you'd like, I couldn't care less.

                          What I questioned was the term you used. I've never heard of a 'nonoperating' foundation. I've never heard of that. I didn't see that term in your link either. Typo maybe?

                          The link you gave had good info for being written in 2001, but there are more current websites with information on charitible trusts and foundations.

                          http://programforgiving.org/charitable/pages/home.jsp 

                          http://www.charitabletrust.com/default.aspx

                          http://www.cof.org/

                          face

                          singlewinnersinglewinnersinglewinner   


                            United States
                            Member #116268
                            September 7, 2011
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                            Posted: August 12, 2012, 8:39 pm - IP Logged

                            Um, when I said 'give to immediate family' that meant more like parents, siblings, children. Not some charitible gift to some random family in need. There's probably ways around gift tax when giving to family members, but I'd leave that to the experts. 

                            Any charity that I would do would not be to benefit individuals or individual families, but organizations that help children and rescue animals. I would never give to families directly. That opens you up to pandering. Call me selfish if you'd like, I couldn't care less.

                            What I questioned was the term you used. I've never heard of a 'nonoperating' foundation. I've never heard of that. I didn't see that term in your link either. Typo maybe?

                            The link you gave had good info for being written in 2001, but there are more current websites with information on charitible trusts and foundations.

                            http://programforgiving.org/charitable/pages/home.jsp 

                            http://www.charitabletrust.com/default.aspx

                            http://www.cof.org/

                            Wow, ok. I see in the link that reading all the way past the first sentence would have been required for you to find information on "private nonoperating foundations" sorry you found it so difficult to navigate. Maybe just stick to handing it out in cash??????


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                              Posted: August 12, 2012, 8:47 pm - IP Logged

                              "Jack" handed out the money in cash to his family and the body count rose to 3 or 4, something like that, due to overdoses but I think he is broke now and his life is all better.